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The Department of Petroleum Resources (DPR) has explained how it generated $1 billion (N360 billion) from renewal bonuses of 22 oil blocks. According to the regulatory agency’s spokesman, Mr Paul Osu, there were no irregularities…
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AFRICAN Petroleum Producers Organisation (APPO), on Monday, announced that the organization is to mobilise about $2 billion of resources to fund critical areas of infrastructural collaboration in Africa. Its President and Nigeria’s…
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Upon completion of Total’s Egina project targeted to add 200,000 barrel per day to Nigeria’s oil production, the company would be boasting of contributing 23 percent of the country’s national production. Its Deputy Managing Director,…
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THE Federal Government, on Monday, sought for collaboration among African continent in the areas of joint pipelines, research and building of refineries. President Muhammadu Buhari, made this known in Abuja in his message to the…
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The Nigerian National Petroleum Corporation (NNPC) says only collaboration among African oil and gas producing countries in the development of industry infrastructure will ensure they are competitive on the global stage. The Group…
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The relative stability in the prices of crude may have allayed fears over how the Federal Government will get the cash to fund this year’s N8.3trillion budget, it was learnt at the weekend. Prices of crude have hovered between $61.17…
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Following its maiden Monetary Policy Committee meeting for 2019, the Central Bank of Nigeria, injected the sum of $289.76 million and 38.70 million Chinese Yuan to boost the foreign market. The CBN Director of Corporate Communications,…
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Despite Friday’s assurance by the Federal Government that there were no irregularities in the ongoing renewal of over 42 oil licences, stakeholders in the oil and gas sector, yesterday, raised the alarm over the ongoing exercise. With…
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Inspector-General Muhammed Adamu has retired seven deputy inspectors-general of police who were his seniors, PREMIUM TIMES has learnt from police sources. The affected officers are Maigari Dikko, the DIG in charge of finance and…
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Nigerians who bought petrol across the country paid over N180 billion under the belief that it would be sold at equal prices to Nigerians nationwide in 2017, an analysis by PREMIUM TIMES has revealed. Despite this huge amount paid by…
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